Profitability Analysis

It's no secret that improving your bottom line depends on measuring, monitoring and managing costs. Not just direct costs, that would be too easy, you also need to determine indirect and activity costs as well.

Don't let Profitability Planning get complicated, just get CCH Tagetik.

Profitability Planning key capabilities include

REAL-TIME INSIGHTS

Get the right information, at the right time, in the right format - delivered the right way. CCH Tagetik provides real-time updates, alerts and notifications - via email, the application or your mobile device, so you can instantly assess, analyze and take action. From scorecards, to dashboards to web reporting and ad hoc analytics - CCH Tagetik powers real-time agile planning.

VARIANCE ANALYSIS & REPORTING

CCH Tagetik automatically calculates and highlights variances - such as the difference between scenarios, plans, forecasts and actuals, vis-a-vis operational drivers including volume, price, cost, others. Not only does this reconcile operational and financial plans, but it provides greater insights into the drivers that impact profitability.

Business Driver Impact

Different business and operational drivers impact performance and profitability in different ways. CCH Tagetik helps you assess these drivers, evaluate against allocation rules, generate variance reports and faciliate better, more informed decision-making. CCH Tagetik acts as your profit center manager, allowing you to gain an understanding of commercial drivers and supply constraints needed to make the right business pivots.

ACTIVITY BASED COSTING

Determine true costs and their impact on margin and profitability by incorporating indirect and activity-based costs. Using CCH Tagetik's unified Financial Performance Platform, allocating and managing indirect/activity costs can drill down to the activity, product, project, customer and service-level for more accurate profitability reporting.

BUSINESS & OPERATIONAL MODELING

Test financial and operational assumptions to understand the impacts of what-if scenarios on your strategy. While you can compare results of your testing visually side-by-side, in a single click, you can also see the impact on performance reports like the P&L, balance sheet and cash flow.

CUSTOMER-LEVEL REPORTING

With granular-level profitability analysis and reporting, it's easy to discover which customers, accounts or portfolios are meeting performance expectations and which are not. Play scenarios to understand the business drivers that impact customer profitability and make better, more informed, data-based decisions to improve outcomes.

CCH Tagetik's profitability planning Software is trusted by leading companies across all industries

THE BANKING CFO: HOW PROFITABILITY ANALYSIS POWERS BANKS

Understanding profitability down to the branch, product unit and instrument level gives banks the ability to make better business decisions. To gain real value it is important to understand profitability as part of the month-end close process, so you can then plan at the same level in the budget and forecasting process going forward.